US domestic airline mergers: the neglected international determinants

被引:23
作者
Clougherty, JA [1 ]
机构
[1] Tilburg Univ, CentER Econ R&D Management, NL-5000 LE Tilburg, Netherlands
关键词
airlines; mergers networks; international; imperfect-competition;
D O I
10.1016/S0167-7187(00)00107-7
中图分类号
F [经济];
学科分类号
02 ;
摘要
The existing literature on domestic-airline mergers focuses on domestic competitive incentives determining merger behavior and neglects the impact of international competitive incentives. I argue that domestic airline mergers increase international efficiency - via the enhancement of domestic networks and the elimination of domestic competition - which correspondingly leads to an improved international competitive position. Comprehensive panel data - covering international airline markets between the US and twenty nations over the 1984-1992 period - allows testing this argument. The results support both domestic mergers and large domestic networks improving the international competitive position of airlines. (C) 2002 Elsevier Science B.V. All rights reserved.
引用
收藏
页码:557 / 576
页数:20
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